Steelcase Completes Merger with HNI Corporation

Steelcase ( (SCS) ) has issued an update.

Steelcase, a prominent player in the office furniture industry, recently completed a significant merger with HNI Corporation on December 10, 2025. This merger led to the termination of Steelcase’s credit commitments and the release of liens on its properties. As part of the merger, Steelcase’s common stock was delisted from the New York Stock Exchange, and the company underwent a structural transformation into a limited liability company. The merger is expected to enhance HNI’s market position, combining complementary portfolios and capabilities to create a leading enterprise with pro forma annual revenues of $5.8 billion. The integration aims to leverage synergies for operational enhancements and digital transformation, benefiting stakeholders and strengthening the combined business’s ability to meet evolving workplace needs.

The most recent analyst rating on (SCS) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Steelcase stock, see the SCS Stock Forecast page.

Spark’s Take on SCS Stock

According to Spark, TipRanks’ AI Analyst, SCS is a Outperform.

Steelcase’s overall stock score reflects a strong earnings performance and moderate valuation, offset by financial and cash flow challenges. The technical indicators suggest a neutral market position, while legal challenges related to the HNI merger introduce some uncertainty. The company’s ability to navigate these challenges and capitalize on growth opportunities will be crucial for future performance.

To see Spark’s full report on SCS stock, click here.

More about Steelcase

Average Trading Volume: 1,564,999

Technical Sentiment Signal: Buy

Current Market Cap: $1.85B

For detailed information about SCS stock, go to TipRanks’ Stock Analysis page.